Series 24: 4.2.10.1. Private Resales To Qualified Institutional Buyers—Rule 144A

Taken from our Series 24 Online Guide

4.2.10.1.  Private Resales to Qualified Institutional Buyers—Rule 144A

As discussed above, purchasers of restricted securities are subject to holding periods. Rule 144A, however, allows issuers and non-issuers to sell restricted securities to qualified institutional buyers (QIBs) without restrictions. Once a qualified institutional buyer purchases a restricted security, it can sell the security to other QIBs without restrictions. So w

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